Comment on page
Your questions, answered
The JWT security standard is well adopted as a secure authentication mechanism that preserves the security of the account without sending sensitive keys unencrypted.
Since you can only generate this with both an Ethereum key-pair and the corresponding Starknet key-pair, this ensures that users interacting with Paradex are the ultimate owners of that account. See more at https://docs.api.testnet.paradex.trade/#get-jwt.
Effectively, the same thing that a user would have to do on any other L2 hybrid dex:
1) Onboard via Ethereum and create your Starknet account
2) Bridge funds from Ethereum into your Starknet account
3) Deposit funds from your starknet account into the Paradex smart contract
Paradex UI is currently the
onlyway to bridge and deposit funds into Paradex smart contracts. However we will release RPC endpoint specifications such that you can initiate it yourself.
There is no difference in the mechanism by which funding is accrued, see the detailed fomulae here. The only difference is the settlement methodology which prevents funding manipulation and latency spikes at funding settlement periods. Whereas other exchanges operate an hourly, 8-hourly or other periodic settlement period, Paradex has a continuous accrual mechanism. In order to reduce on-chain transaction spikes, funding is continuously accrued on an account with a perpetual futures position and the entire unrealized funding P&L of that account's position is settled every time the position is adjusted on-chain.